Check Your Understanding: Principal Indemnification of Agent for Tort Claims Total points: 0/2 Attempts left: 2...
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Check Your Understanding: Principal Indemnification of Agent for Tort Claims Total points: 0/2 Attempts left: 2 What does the duty to indemnify require a principal to pay? Compensation for unrelated expenses incurred by the agent. Payment of expenses incurred by the agent in the course of performing the agency activities. Compensation for performance of agency activities. Payment for tort liabilities incurred as a result of authorized agency activities In what situations must a principal indemnify an agent? A principal must indemnify an agent in all situations. ... A principal is not required to indemnify an agent. When an agent performs a lawful task requested by the principal and is sued for that action by a third party. The principal must indemnify a person who is acting as an agent, but is not an agent, if that Check Your Understanding: Principal Indemnification of Agent for Tort Claims Total points: 0/2 Attempts left: 2 What does the duty to indemnify require a principal to pay? Compensation for unrelated expenses incurred by the agent. Payment of expenses incurred by the agent in the course of performing the agency activities. Compensation for performance of agency activities. Payment for tort liabilities incurred as a result of authorized agency activities In what situations must a principal indemnify an agent? A principal must indemnify an agent in all situations. ... A principal is not required to indemnify an agent. When an agent performs a lawful task requested by the principal and is sued for that action by a third party. The principal must indemnify a person who is acting as an agent, but is not an agent, if that
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